DID YOU KNOW:
Oklahomans pay more for electricity because of a state-sanctioned monopoly?
Oklahoma is a monopoly state where all the customers served by the three monopoly utilities (PSO; OG&E; and, Liberty) must purchase their electricity requirements from those utilities.
Lack of competition is driving up power prices. Studies show that in monopoly states like Oklahoma, electricity costs have increased by about 21% since 2008. In the 14 competitive states, which represent 1/3 of the U.S.’s power consumers, they’ve decreased by 7%. That difference represents billions of dollars saved in competitive states.
The Alliance for Electrical Restructuring in Oklahoma – or AERO – is working to restructure the way electricity is purchased in Oklahoma and end the monopoly held by Oklahoma’s three utility companies. We want to allow any business to purchase electricity directly from an approved competitive retail supplier, not just through Oklahoma’s three monopoly utilities.
Here’s what free market electricity can mean for your business:
Cost savings and predictability: Businesses can negotiate multi-year, fixed price deals … locking themselves in to lower prices with significant cost savings.
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Choice: Want to go green? Purchase an all wind or solar power plan. States with retail choice allow customers a multiple array of carbon free and renewable product options for their power supply rather than relying on whatever the utility makes available.
STATES WITH RETAIL POWER CHOICE
RESTRUCTURED, COMPETITIVE STATES INCLUDE:
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Texas
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Illinois
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Ohio
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Pennsylvania
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New York
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Washington DC
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Maryland
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Delaware
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New Jersey
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Connecticut
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Massachusetts
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Maine
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Rhode Island
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New Hampshire
PARTIALLY RESTRUCTURED STATES INCLUDE:
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California
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Michigan
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Arizona
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Oregon
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Nevada
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Virginia
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Washington
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Montana
• Fully restructured states have experienced a beneficial difference in price-performance of 28% compared to monopoly states since 2008
• 87% of power consumed by business customers in competitive states is served by non-utility suppliers, meaning that business customers are exercising and benefitting from choice where it is available!